Agenda - Council - 10/22/2002 - Laserfiche WebLink

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-270- MALLARD PONDS 2~ ADDITION DEVELOPMENT AGREEMENT CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and Bulow Incorporated, whose address is 10444 95th Street, Monticello MN, 55362. (the "DEVELOPER"). WlTNESSETIt: WHEREAS, the DEVELOPER is the fee owner of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: Lot 97, Block 1, and Outlot A, Mallard Ponds, Anoka County, Minnesota. Or after recording; Lot 1, Block 1, Mallard Ponds 2nd Addition ("Subject Property"); and WHEREAS, on October 22, 2002, pursuant to Resolution No.02-10-XXX, the CITY has approved the final plat of the Subject Property which plat is known as MALLARD PONDS 2m) ADDITION (the "Plat"), which approval is contingent on certain requirements, including the DEVELOPER and CITY entering into this Agreement; and WHEREAS, the CITY requires certain improvements to be constructed within the Plat, which improvements are defined as Stage I and Stage II Improvements in City Code; and WHEREAS, the DEVELOPER intends to cause its required improVements in the Plat to be constructed without financial participation by the CITY; and WHEREAS, no expenditure of CITY funds will be made until the City Code escrow requirements have been completed by the DEVELOPER; and WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" Improvements which respective definitions are used herein when reference is made to "Stage I" and "Stage II" Improvements. NOW, THEREFORE, the CITY and DEVELOPER agree as follows: Ii I I I I ! I I i I I I Ii